chose in action

Definitions

from the GNU version of the Collaborative International Dictionary of English

n. See Chose.

n. a thing of which one has not possession or actual enjoyment, but only a right to it, or a right to demand it by action at law, and which does not exist at the time in specie; a personal right to a thing not reduced to possession, but recoverable by suit at law; as a right to recover money due on a contract, or damages for a tort, which can not be enforced against a reluctant party without suit.